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ALCOA TO REDEEM CONVERTIBLE DEBENTURES

 PITTSBURGH, Feb. 12 /PRNewswire/ -- Alcoa (NYSE: AA) will redeem all of its outstanding 6-1/4 percent convertible debentures, which total $149 million.
 The debentures are convertible into 2,403,226 shares of Alcoa common stock at a price of $62 a share.
 The debentures were issued in May 1987 in the amount of $150 million and were to mature May 27, 2002.
 The redemption date is March 26, 1993. Holders may convert the debentures to shares up to the redemption date. The redemption price is 103 percent of the face amount of the debentures plus accrued interest.
 The debentures may be redeemed at the following locations: Bankers Trust Company, Corporate Trust and Agency Group, Four Albany St., New York, N.Y. 10015; Bankers Trust Company, 1 Appold St., Broadgate, London EC2A 2HE England; Credit Suisse, 8 Paradeplatz, CH-8001 Zurich, Switzerland; and Banque Indosuez Luxembourg, 39 Allee Scheffer, L-2520 Luxembourg, Grand Duchy of Luxembourg.
 -0- 2/12/93
 /CONTACT: A.T. Posti of Alcoa, 412-553-4465/
 (AA)


CO: Alcoa ST: Pennsylvania IN: MNG SU:

CD-PT -- PG008 -- 6225 02/12/93 14:56 EST
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Publication:PR Newswire
Date:Feb 12, 1993
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